Or Offer Sells 86,300 Shares of Similarweb (NYSE:SMWB) Stock

Similarweb Ltd. (NYSE:SMWB) CEO Or Offer sold 86,300 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $8.06, for a total transaction of $695,578.00. Following the transaction, the chief executive officer owned 4,451,291 shares of the company’s stock, valued at $35,877,405.46. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Or Offer also recently made the following trade(s):

• On Tuesday, September 8th, Or Offer sold 60,700 shares of Similarweb stock. The shares were sold at an average price of $8.33, for a total transaction of $505,631.00.
• On Wednesday, August 26th, Or Offer sold 383,127 shares of Similarweb stock. The stock was sold at an average price of $9.00, for a total value of $3,448,143.00.
• On Thursday, August 13th, Or Offer sold 574,605 shares of Similarweb stock. The shares were sold at an average price of $8.80, for a total value of $5,056,524.00.
• On Friday, August 14th, Or Offer sold 134,992 shares of Similarweb stock. The shares were sold at an average price of $8.87, for a total value of $1,197,379.04.

Similarweb Stock Down 0.4%

Shares of SMWB stock opened at $8.07 on Friday. Similarweb Ltd. has a 52-week low of $2.22 and a 52-week high of $10.35. The stock has a market cap of $706.68 million, a PE ratio of -32.27 and a beta of 1.21. The business has a 50-day simple moving average of $7.72 and a 200-day simple moving average of $4.95.

Similarweb (NYSE:SMWB) last posted its earnings results on Wednesday, August 12th. The company reported $0.06 EPS for the quarter. The firm had revenue of $77.19 million for the quarter. Similarweb had a negative return on equity of 19.81% and a negative net margin of 7.37%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Similarweb from $5.00 to $11.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Northland Securities raised shares of Similarweb from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $5.00 to $10.00 in a report on Wednesday, August 12th. Oppenheimer upped their price objective on shares of Similarweb from $7.00 to $8.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Similarweb from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Similarweb in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.14.

Institutional Investors Weigh In On Similarweb

A number of institutional investors have recently added to or reduced their stakes in SMWB. Larson Financial Group LLC purchased a new stake in Similarweb in the 3rd quarter worth $25,000. Wexford Capital LP purchased a new position in Similarweb during the third quarter valued at $64,000. Brooklyn Investment Group acquired a new stake in shares of Similarweb in the fourth quarter valued at about $85,000. Boothbay Fund Management LLC acquired a new stake in shares of Similarweb in the fourth quarter valued at about $90,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Similarweb during the second quarter worth about $92,000. Institutional investors and hedge funds own 57.59% of the company’s stock.

Similarweb Company Profile

Similarweb Ltd. (NYSE: SMWB) is a digital intelligence company that provides insights into website and mobile app performance. Its cloud-based platform aggregates and analyzes data on global web traffic, user engagement, and referral sources, enabling businesses to benchmark their digital presence against competitors. The company’s core offering includes metrics on audience behavior, traffic acquisition channels, and industry trends, which are designed to inform strategic decisions in marketing, sales, and product development.

Similarweb’s platform delivers a suite of tools for market research, competitor analysis, and performance optimization.